
Durham, Revisited

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I’ve read some grumbling and hand-wringing with respect to the real estate fund symbol IYR, whose analog I’ve mentioned a number of times. It’s certainly been stubborn about weakening, but I wanted to provide this perspective on what the fund has been doing. My perception is that the strength has been carrying it to major resistance (represented by the blue arrows), having followed a major price peak (red arrows).

I’d like to share an anecdote from my personal life which is quite relevant to the world of finance, inflation, and economics. Specifically, I am endeavoring to purchase a house in Durham, North Carolina. I don’t intend to live there (well, hardly ever). It’s an investment property.
Before I dive into my experience, I present to you a trio of charts that SlopeCharts was kind enough to provide. First is the price index in Durham since the late 1970s, which is up hundreds of percent.

I would never have guessed that Dubai was cheap (although it’s one of the last places on the planet I’d ever want to live). Mildly interesting…………
